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A Tenant’s Market Has Developed in Kansas City

by KC SmartPort Intern | Jul 13, 2017
This article was written by John Hassler, director at Newmark Grub ZimmerJohn Hassler joined Newmark Grubb Zimmer in 2010. At NGZ, Mr. Hassler’s primary responsibilities include advising clients in the acquisition and disposition of industrial properties as well as representing clients in the analysis and acquisition of investment transactions across all real estate product types. 

With two intermodal facilities, two major automotive plants, and many more assets, Kansas City has seen a boom of industrial real estate development. From 2011 to 2014 nearly 8.9 million square feet of space was built because of tax abatements, a decrease in construction costs, and Kansas City's optimal location. Today, landlords are doing more to make their space the most attractive while communities on both sides of the state line continue to offer incentives in order to attract business. 

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